Is Forest Ranch, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Forest Ranch has remained a Seller's Market.
Housing Prices in Forest Ranch, CA
How much do homes in Forest Ranch, CA cost?
Median Sold Price
$1,602,000
$630/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Forest Ranch was $1,602,000 in April 2024, up 6.8% from last year, and the median price per square foot was $630.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $770K | $950K | +23.4% |
3 Bedrooms | $1.3M | $1.4M | +3.4% |
4 Bedrooms | $1.5M | $1.6M | +8.3% |
5+ Bedrooms | $1.8M | $1.9M | +0.8% |
Summary: Forest Ranch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Neighborhoods
Rancho San Clemente | $1.0M | $1.1M | +10.3% |
Talega | $1.5M | $1.6M | +7.9% |
Forest Ranch | $1.5M | $1.6M | +6.8% |
Marblehead Inland | $1.9M | $1.6M | -14.6% |
Housing Supply in Forest Ranch, CA
How many homes are available in Forest Ranch, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 28 | +7.7% |
Summary: The Forest Ranch real estate market had 28 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 0 | -100.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 11 | 9 | -18.2% |
5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Forest Ranch housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Forest Ranch in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 18% were sold under asking, 36% were sold at asking, and 45% were sold over asking.
Days on Market for Forest Ranch, CA
How long does it take to sell a home in Forest Ranch, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 18 Days | -58.3% |
Summary: Homes in Forest Ranch had an average of 18 days on market in Apr 2024, down by 58.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Forest Ranch; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.